Absolute Software (ABT) Sets New 52-Week High at $8.36

Absolute Software (TSE:ABT)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$8.36 and last traded at C$8.36, with a volume of 15,000 shares changing hands. The stock had previously closed at C$8.17.

ABT has been the topic of several recent research reports. BMO Capital Markets reissued a “market perform” rating and issued a C$8.50 price objective on shares of Absolute Software in a research note on Friday, August 18th. Canaccord Genuity cut shares of Absolute Software from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$9.00 to C$8.00 in a research note on Friday, August 18th. Pi Financial dropped their price objective on shares of Absolute Software from C$9.00 to C$8.75 in a research note on Friday, August 18th. Finally, National Bank Financial raised shares of Absolute Software from an “underperform overweight” rating to a “sector perform overweight” rating in a research note on Thursday, August 17th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$7.85.

The stock’s market cap is $326.11 million. The stock’s 50-day moving average is $7.60 and its 200 day moving average is $7.76.

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Absolute Software Company Profile

Absolute Software Corporation is engaged in the development, marketing and support of endpoint security and data risk management solutions to commercial, healthcare, education and government customers. The Company operates through Data and Device Security segment. The Company offers solutions for devices, such as computers, laptops, tablets and smartphones.

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